BANK Part 7.2 Operational risk management
Notes for Part 7.2
1 This Part sets out the requirement for banking business firms in relation to the management of operational risk. There are general requirements relating to risk management (including the management of operational risk) in CTRL, which apply to banking business firms in common with all other authorised firms.
2 This Part gives effect, for banking business firms in the QFC, to the document Sound Practices for the Management and Supervision of Operational Risk, issued by the Basel Committee on Banking Supervision in June 2011.